What are the equatorial principles?
The principles of the equator are a set of voluntary instructions that financial institutions may decide to use in the development of the project. These instructions support sustainability, including environmental and social sustainability, and cover a number of topics associated with development projects. Institutions that decide to adhere to the principles of the equator can be advertised as member institutions, using it as a marketing tool for investors and consumers who are afraid of sustainability issues. The principles of the equator deal with topics such as environmental sustainability, pollution, social problems, indigenous autonomy and similar problems. The framework creates a system for evaluating potential projects and funding resources to support the most ethical approach, while allowing accompaniment to make profits. As with other measures for social responsibility, even if they are optional, companies may feel forced to accept them to remain competitive. If society does not prove a commitment to a princeThe equator can be handed over in search of offers and engaging in other activities.
Although these principles relate to the financing of the project specifically, they can also be adapted to other financial activities. The basic framework may be a useful guideline for the development of statements and methods for setting an ethical investment plan. Experts on the principles of the equator and other ethical instructions for the financial industry can provide consulting services and are also discussed in the Trade PublicAWorkshop, which companies provide more information on how to apply them to their work.
Like other voluntary measures, the principles of the equator are as useful as companies. The company can claim to follow them without following them, a problem that will only be discovered if complaints are filed and the company is investigated. Likewise, companies can stick to more lettersIn the case of the spirit of principles, resulting in projects of dubious ethics that can technically adhere to the conditions of equatorial principles. Organizations that are worried about liability can examine and monitor companies that call on them to task unless they meet their demands on sustainability. This may include complaints, the encouragement of journalists to write stories and inform the public about the problem.